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The Tennessee Department of Revenue (TDOR) is an agency within the Tennessee state government that is responsible for administering the state’s tax laws and motor vehicle title and registration laws. More than 800 people work for the Department of Revenue. [1] The Department collects about 87 percent of total state revenue.
The used car sales tax is the state’s tax rate (7.25%) plus the city’s rate (2.25%), for a total of 9.5%. If you spend $20,000 on a used car, you’re paying $1,900 in sales tax.
Embossed black serial on white plate. "Tennessee State Parks" screened at top in green with purple wildflowers screened in background. EV12345 Font used for "Tennessee" script same as the one used on roadside state border sign. Sample at left also carries curious single month-year validation sticker, seen only in 1994 and only on select plates.
When buying an automobile, if one trades in a car, the state deducts the price of the trade when calculating the sales tax to be paid on the automobile (e.g., purchasing a $40,000 car, and trading a $10,000 car, a person would be taxed on the difference of $30,000 only, not the full amount of the new vehicle).
Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers; Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users [3] Gross receipts taxes, levied on all sales of a ...
While most drivers will opt for a car insurance policy to satisfy the law, you can also post a $65,000 bond or cash deposit with the Tennessee Department of Revenue.
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Department of Revenue: Tennessee: Driver License Services [40] Vehicle Services Division [41] The Vehicle Services Division is a division of the Tennessee Department of Revenue; the Driver License Services division is a division of the Tennessee Department of Safety and Homeland Security. The state's county clerks are responsible for the ...